Florida is now one of the most financially stressed states in the country, second only to another Southern state, according to a new report by WalletHub, which defines financial distress as having credit in forbearance or deferring payments due to financial difficulty.
“When you combine data about people delaying payments with other metrics like bankruptcy filings and credit score changes, it paints a good picture of the overall economic trends of a state,” WalletHub analyst Chip Lupo said about the findings.
Why would Florida having a high ranking for people falling behind on debt among all states be particularly problematic? I mean, someone’s going to be #2.
And Alaska’s on nearly at the other end of the scale, based on their ratings, and it’s red.